Report Code: CMI22244

Published Date: January 2023

Pages: 220+

Category: Consumer Goods

Report Snapshot

CAGR: 3.5%
17.5B
2021
18.22B
2022
24B
2030

Source: CMI

Study Period: 2022-2030
Fastest Growing Market: Europe
Largest Market: Asia-Pacific

Major Players

  • KONA
  • Santa Cruz Bicycle
  • COLNAGO
  • Cicli Pinarello SRL
  • Cervelo
  • Fuji Bikes
  • MERIDA Bikes
  • Others

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Reports Description

According to Custom Market Insights (CMI), The Global Kids Bicycle Market was estimated at USD 17.5 billion in 2021 and is expected to reach USD 18.22 billion in 2022 and is anticipated to reach around USD 24 billion by 2030, growing at a CAGR of roughly 3.5% between 2022 and 2030.

Our research report offers a 360-degree view of the Kid’s Bicycle market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Kid’s Bicycle market.

  • Kid’s bikes are smaller versions of adult bicycles that are made for kids who haven’t quite mastered the physical and mental abilities needed to peddle a bike. They commonly have components like rubber tires, detachable training wheels, or a seat height adjustment mechanism, so shorter riders don’t have to extend their legs entirely when pedalling. The shapes and wheel sizes of children’s bikes vary according to the age group. Additionally, there is a whole sector dedicated to producing infant gear as well as devices for older kids, like trikes and scooters, that develop with your child’s growth and ability.
  • Two-seater bicycles, which have both seats equipped with pedals, are another common type of bicycle that is frequently preferred by siblings of the same age. As a result, it can be seen that manufacturers often add new features to their products to fulfil the attention of their target market. Manufacturers have been planning athletic events, marathons, and other activities to encourage kids to cycle for the past few years. These gatherings allow product manufacturers to interact with kids of all ages.
  • For instance, CFOSE, the India International Cycle, Fitness, and Outdoor Sports Expo, held in Ludhiana annually since 2010, draws visitors from all across the nation and features product displays. In a similar vein, Burlingame had its annual children’s bike ride in June 2019, and 600 kids took part. Many of these activities even center on teaching children how to ride bicycles. In addition to providing free helmets, Texas Police assisted children in learning how to ride bicycles in June 2019 during the Arlington Community Bike Rodeo.
  • Bicycles with bold colors and modern designs tend to appeal particularly to children. Furthermore, many of these bicycles are modeled after well-known athletes, comic book heroes, and children’s personalities. Additionally, items with musical trumpets, wheels that light up, and baskets that can be mounted either in front of the handlebars or behind the seat are preferred by kids.

Report Scope

The study’s focus is on Kids Bicycle market analysis on a global scale, and market sizing includes the income generated by these solutions provided by different market players. In order to support the market projections and growth rates over the anticipated period of 2022-2030, the study additionally monitors important market factors, underlying growth influencers, and significant vendors active in the sector. The study also examines how COVID-19 has affected the ecology generally. The scope of the study includes market sizing and forecast for segmentation by product, distribution channel, and geography.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 17.5 Billion
Projected Market Size in 2030 USD 24 Billion
Market Size in 2022 USD 18.22 Billion
CAGR Growth Rate 3.5% CAGR (2022-2030)
Base Year 2022
Forecast Period 2023-2032
Prominent Players KONA, Santa Cruz Bicycle, COLNAGO, Cicli Pinarello SRL, Cervelo, Fuji Bikes, MERIDA Bikes, GT Bicycles, Specialized Bicycle Components, Cannondale, Giant Bicycles, SCOTT Sports SA, Trek Bicycle Corporation, and Others
Key Segment By Type, Distribution Channel, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Key Market Dynamics

  • While cycling is occupying space as a fun sport that youngsters primarily prefer during their free time, there has been a change in lifestyle. Schools, riding clubs, and residential societies that have taken the initiative to integrate cycling for kids into their daily lives have strong support for the sport. Students are finding bicycles to be a very practical personal means of transportation, which is anticipated to increase demand for children’s bicycles.
  • The health advantage of riding is encouraging parents to encourage their children to cycle. The majority of children’s bicycles are modeled after well-known comic book characters, superheroes, athletes, and more, which is catching on quickly and capturing the attention of the youth.
  • Governments in various developing nations are focusing on introducing school-based bicycle distribution programs for kids, which is anticipated to be a driving factor in the market’s expansion.
  • It is expected that parents’ worries about their kids riding bicycles on busy streets will prevent more people from taking up cycling. These worries will likely be compounded by worries about buying and maintaining a bicycle. The availability of quick and convenient alternatives for school children’s transportation is likely to impede market expansion in the years to come.

Global Kids Bicycle Market 2022–2030 (By Billion)

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Offline Distribution Channel Led the Kids Bicycle Market

  • In 2021, offline channels had the highest share. Kids now favour taking a product for a test drive before buying it.
  • Additionally, parents want to get a product authenticated before purchasing since they are concerned about the safety of their children. To take advantage of the potential, businesses are swiftly entering the kids’ bicycle market. The French sporting goods store Decathlon has developed into a significant supplier of children’s bicycles in more than 49 nations.
  • As parents are increasingly adopting smartphones and tablets around the world, online sales are anticipated to expand at the quickest rate. These channels enable access to a range of products regardless of regional and national restrictions.
  • Additionally, well-known companies like Cervélo and Cicli Pinarello SRL give priority to the early sales of items through online channels. Bicycles are now mostly supplied through e-commerce sites like Paytm Mall, Snapdeal, Amazon, and Trackntrail in India and other adjacent South Asian nations.

Competitive Landscape

The market is driven by ongoing product updates and the addition of features that appeal to kids worldwide, such as vivid colors and superhero themes.

Due to the benefits cycling has for the environment, the health of its riders, and its safety, schools and residential areas have been working to spark children’s interest in cycling. Kids’ bicycles have also developed into a significant giveaway for brand marketing and as a service to the community.

Our market analysis includes a section specifically devoted to key players operating in the Kids Bicycle market. Our analysts give an overview of each player’s financial statements, along with product benchmarking and SWOT analysis. The competitive landscape section includes key development strategies, market share analysis, and market positioning analysis of the mentioned competitors globally.

  • 2022: Hero International (HIT), a branch of India’s Hero Motors Company (HMC), announced that it is adding a unique assembly division to its electric bicycle production facility in Manchester. For consumers in the UK and the EU, the company will provide high-end, IoT-enabled electric bicycles and push bikes. By August 2022, this new division should be operational and produce 50,000 bikes over the next three years.
  • 2022: The Giant Cypress DX for the model year 2021 has been recalled by Giant Bicycle. Bicycles like the Giant Escape 3 Comfort, Liv Flourish FS 1, as well as Liv Alight 3 Comfort are dangerous since they can cause falls and injuries.

Global Kids Bicycle Market 2022–2030 (By Distribution Channel)

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The global Kids Bicycle market is segmented as follows:

By Type

  • Conventional
  • Battery-operated

By Distribution Channel

  • Offline
  • Online

By Region

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Kids Bicycle Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Kids Bicycle Market : snapshot
  • Chapter 3. Global Kids Bicycle Market – Industry Analysis
    • 3.1 Kids Bicycle Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Rising participation of kids in numerous racing competitions
      • 3.2.2 Parental concern about their children’s physical activity.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Type
      • 3.7.2 Market attractiveness analysis By Distribution Channel
  • Chapter 4. Global Kids Bicycle Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Kids Bicycle Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Kids Bicycle Market – Type Analysis
    • 5.1 Global Kids Bicycle Market overview: By Type
      • 5.1.1 Global Kids Bicycle Market share, By Type, 2021 and 2030
    • 5.2 Conventional
      • 5.2.1 Global Kids Bicycle Market by Conventional, 2022 – 2030 (USD Billion)
    • 5.3 Battery-operated
      • 5.3.1 Global Kids Bicycle Market by Battery-operated, 2022 – 2030 (USD Billion)
  • Chapter 6. Global Kids Bicycle Market – Distribution Channel Analysis
    • 6.1 Global Kids Bicycle Market overview: By Distribution Channel
      • 6.1.1 Global Kids Bicycle Market share, By Distribution Channel, 2021 and 2030
    • 6.2 Offline
      • 6.2.1 Global Kids Bicycle Market by Offline, 2022 – 2030 (USD Billion)
    • 6.3 Online
      • 6.3.1 Global Kids Bicycle Market by Online, 2022 – 2030 (USD Billion)
  • Chapter 7. Kids Bicycle Market – Regional Analysis
    • 7.1 Global Kids Bicycle Market Regional Overview
    • 7.2 Global Kids Bicycle Market Share, by Region, 2021 & 2030 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Kids Bicycle Market, 2022 – 2030 (USD Billion)
        • 7.3.1.1 North America Kids Bicycle Market, by Country, 2022 – 2030 (USD Billion)
    • 7.4 North America Kids Bicycle Market, by Type, 2022 – 2030
      • 7.4.1 North America Kids Bicycle Market, by Type, 2022 – 2030 (USD Billion)
    • 7.5 North America Kids Bicycle Market, by Distribution Channel, 2022 – 2030
      • 7.5.1 North America Kids Bicycle Market, by Distribution Channel, 2022 – 2030 (USD Billion)
    • 7.6. Europe
      • 7.6.1 Europe Kids Bicycle Market, 2022 – 2030 (USD Billion)
        • 7.6.1.1 Europe Kids Bicycle Market, by Country, 2022 – 2030 (USD Billion)
    • 7.7 Europe Kids Bicycle Market, by Type, 2022 – 2030
      • 7.7.1 Europe Kids Bicycle Market, by Type, 2022 – 2030 (USD Billion)
    • 7.8 Europe Kids Bicycle Market, by Distribution Channel, 2022 – 2030
      • 7.8.1 Europe Kids Bicycle Market, by Distribution Channel, 2022 – 2030 (USD Billion)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Kids Bicycle Market, 2022 – 2030 (USD Billion)
        • 7.9.1.1 Asia Pacific Kids Bicycle Market, by Country, 2022 – 2030 (USD Billion)
    • 7.10 Asia Pacific Kids Bicycle Market, by Type, 2022 – 2030
      • 7.10.1 Asia Pacific Kids Bicycle Market, by Type, 2022 – 2030 (USD Billion)
    • 7.11 Asia Pacific Kids Bicycle Market, by Distribution Channel, 2022 – 2030
      • 7.11.1 Asia Pacific Kids Bicycle Market, by Distribution Channel, 2022 – 2030 (USD Billion)
    • 7.12. Latin America
      • 7.12.1 Latin America Kids Bicycle Market, 2022 – 2030 (USD Billion)
        • 7.12.1.1 Latin America Kids Bicycle Market, by Country, 2022 – 2030 (USD Billion)
    • 7.13 Latin America Kids Bicycle Market, by Type, 2022 – 2030
      • 7.13.1 Latin America Kids Bicycle Market, by Type, 2022 – 2030 (USD Billion)
    • 7.14 Latin America Kids Bicycle Market, by Distribution Channel, 2022 – 2030
      • 7.14.1 Latin America Kids Bicycle Market, by Distribution Channel, 2022 – 2030 (USD Billion)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Kids Bicycle Market, 2022 – 2030 (USD Billion)
        • 7.15.1.1 The Middle-East and Africa Kids Bicycle Market, by Country, 2022 – 2030 (USD Billion)
    • 7.16 The Middle-East and Africa Kids Bicycle Market, by Type, 2022 – 2030
      • 7.16.1 The Middle-East and Africa Kids Bicycle Market, by Type, 2022 – 2030 (USD Billion)
    • 7.17 The Middle-East and Africa Kids Bicycle Market, by Distribution Channel, 2022 – 2030
      • 7.17.1 The Middle-East and Africa Kids Bicycle Market, by Distribution Channel, 2022 – 2030 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 KONA
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Santa Cruz Bicycle
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 COLNAGO
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Cicli Pinarello SRL
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Cervelo
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Fuji Bikes
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 MERIDA Bikes
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 GT Bicycles
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Specialized Bicycle Components
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Cannondale
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 Giant Bicycles
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments
    • 8.12 SCOTT Sports SA
      • 8.12.1 Overview
      • 8.12.2 Financials
      • 8.12.3 Product Portfolio
      • 8.12.4 Business Strategy
      • 8.12.5 Recent Developments
    • 8.13 Trek Bicycle Corporation.
      • 8.13.1 Overview
      • 8.13.2 Financials
      • 8.13.3 Product Portfolio
      • 8.13.4 Business Strategy
      • 8.13.5 Recent Developments
List Of Figures

Figures No 1 to 8

List Of Tables

Tables No 1 to 52

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

List of the prominent players in the global Kids Bicycle market:

  • KONA
  • Santa Cruz Bicycle
  • COLNAGO
  • Cicli Pinarello SRL
  • Cervelo
  • Fuji Bikes
  • MERIDA Bikes
  • GT Bicycles
  • Specialized Bicycle Components
  • Cannondale
  • Giant Bicycles
  • SCOTT Sports SA
  • Trek Bicycle Corporation
  • Others

FAQs

“Europe” region will lead the global Kids Bicycle market during the forecast period 2022 to 2030.

The key factors driving the market are rising participation of kids in numerous racing competitions & parental concern about their children’s physical activity.

The key players operating in the Kids Bicycle market are KONA, Santa Cruz Bicycle, COLNAGO, Cicli Pinarello SRL, Cervelo, Fuji Bikes, MERIDA Bikes, GT Bicycles, Specialized Bicycle Components, Cannondale, Giant Bicycles, SCOTT Sports SA, Trek Bicycle Corporation.

The global Kids Bicycle market is expanding growth with a CAGR of approximately 3.5% during the forecast period (2022 to 2030).

The global Kids Bicycle market size was valued at USD 17.5 Billion in 2021 and it is projected to reach around USD 24 Billion by 2030.

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